Form NPORT-P Legg Mason ETF Investmen For: Jul 30

  
    NPORT-P
    false
    
      
      
        
          0001645194
          XXXXXXXX
        
      
      
      
      
        S000051686
        C000162625
      
      
    
  
  
    
      Legg Mason ETF Investment Trust
      811-23096
      0001645194
      549300D7ZZ1A7JJ9G964
      620 Eighth Avenue
      47thFloor
      New York
      
      10018
      1-877-721-1926
      Legg Mason Low Volatility High Dividend ETF
      S000051686
      549300PKK8HNPP2M1496
      2021-10-31
      2021-07-30
      N
    
    
      757241376.58
      172349.18
      757069027.40
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      73431.25000000
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Mercury General Corp
        5493001Q9EXPCEL4W527
        
        589400100
        
          
          
        
        16124.00000000
        NS
        USD
        980822.92000000
        0.129555282874
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Emerson Electric Co
        FGLT0EWZSUIRRITFOA30
        
        291011104
        
          
          
        
        199939.00000000
        NS
        USD
        20171845.71000000
        2.664465851849
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        People's United Financial Inc
        ROPY7PEPIPIDJNF0BO69
        
        712704105
        
          
          
        
        333185.00000000
        NS
        USD
        5231004.50000000
        0.690954762469
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Hawaiian Inc
        5493002DJSH46F5OLV06
        
        32051X108
        
          
          
        
        50584.00000000
        NS
        USD
        1392577.52000000
        0.183943269318
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Physicians Realty Trust
        549300ITOVH0OY7PZC34
        
        71943U104
        
          
          
        
        134603.00000000
        NS
        USD
        2550726.85000000
        0.336921305413
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CVS Health Corp
        549300EJG376EN5NQE29
        
        126650100
        
          
          
        
        221328.00000000
        NS
        USD
        18228574.08000000
        2.407782305214
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pinnacle West Capital Corp
        TWSEY0NEDUDCKS27AH81
        
        723484101
        
          
          
        
        55221.00000000
        NS
        USD
        4613714.55000000
        0.609417950413
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lockheed Martin Corp
        DPRBOZP0K5RM2YE8UU08
        
        539830109
        
          
          
        
        47555.00000000
        NS
        USD
        17674766.85000000
        2.334630821009
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Southern Co/The
        549300FC3G3YU2FBZD92
        
        842587107
        
          
          
        
        257478.00000000
        NS
        USD
        16445119.86000000
        2.172208776850
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Philip Morris International In
        HL3H1H2BGXWVG3BSWR90
        
        718172109
        
          
          
        
        195517.00000000
        NS
        USD
        19569296.53000000
        2.584876123806
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Procter & Gamble Co/The
        2572IBTT8CCZW6AU4141
        
        742718109
        
          
          
        
        134569.00000000
        NS
        USD
        19139748.87000000
        2.528137881393
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GEO Group Inc/The
        N/A
        
        36162J106
        
          
          
        
        498488.00000000
        NS
        USD
        3449536.96000000
        0.455643651391
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Getty Realty Corp
        N/A
        
        374297109
        
          
          
        
        12188.00000000
        NS
        USD
        385018.92000000
        0.050856514540
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PACCAR Inc
        KDTEY8BWE486IKZ3CC07
        
        693718108
        
          
          
        
        59338.00000000
        NS
        USD
        4924460.62000000
        0.650463886617
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Coca-Cola Co/The
        UWJKFUJFZ02DKWI3RY53
        
        191216100
        
          
          
        
        337264.00000000
        NS
        USD
        19234165.92000000
        2.540609273906
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CubeSmart
        N/A
        
        229663109
        
          
          
        
        70219.00000000
        NS
        USD
        3487075.54000000
        0.460602060551
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Interpublic Group of Cos Inc/T
        5493008IUOJ5VWTRC333
        
        460690100
        
          
          
        
        271393.00000000
        NS
        USD
        9596456.48000000
        1.267580119207
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Colgate-Palmolive Co
        YMEGZFW4SBUSS5BQXF88
        
        194162103
        
          
          
        
        226926.00000000
        NS
        USD
        18040617.00000000
        2.382955364315
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hormel Foods Corp
        MSD54751OJP1FS2ND863
        
        440452100
        
          
          
        
        150941.00000000
        NS
        USD
        7000643.58000000
        0.924703471761
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Safety Insurance Group Inc
        254900LDCFLA3J746840
        
        78648T100
        
          
          
        
        5274.00000000
        NS
        USD
        404093.88000000
        0.053376094566
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cohen & Steers Inc
        549300XXIA338A0X2K65
        
        19247A100
        
          
          
        
        9303.00000000
        NS
        USD
        774102.63000000
        0.102249940492
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bank of New York Mellon Corp/T
        WFLLPEPC7FZXENRZV188
        
        064058100
        
          
          
        
        81654.00000000
        NS
        USD
        4191299.82000000
        0.553621884967
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Seagate Technology Holdings PL
        635400RUXIFEZSRU8X70
        
        000000000
        
          
          
        
        219561.00000000
        NS
        USD
        19299411.90000000
        2.549227507864
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Conagra Brands Inc
        54930035UDEIH090K650
        
        205887102
        
          
          
        
        249550.00000000
        NS
        USD
        8357429.50000000
        1.103919087629
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        McDonald's Corp
        UE2136O97NLB5BYP9H04
        
        580135101
        
          
          
        
        79302.00000000
        NS
        USD
        19247388.42000000
        2.542355812137
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DTE Energy Co
        549300IX8SD6XXD71I78
        
        233331107
        
          
          
        
        59715.00000000
        NS
        USD
        7005763.80000000
        0.925379793182
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Exelon Corp
        3SOUA6IRML7435B56G12
        
        30161N101
        
          
          
        
        356723.00000000
        NS
        USD
        16694636.40000000
        2.205167005356
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Paychex Inc
        529900K900DW6SUBM174
        
        704326107
        
          
          
        
        136035.00000000
        NS
        USD
        15483503.70000000
        2.045190483247
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Organon & Co
        549300AMCKY57OK2CO56
        
        68622V106
        
          
          
        
        23038.00000000
        NS
        USD
        668332.38000000
        0.088278922503
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FNB Corp/PA
        PCYSKIGYNYFDTBLVZU83
        
        302520101
        
          
          
        
        157936.00000000
        NS
        USD
        1809946.56000000
        0.239072857889
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Four Corners Property Trust In
        549300SVTPZPBDVNER42
        
        35086T109
        
          
          
        
        30526.00000000
        NS
        USD
        876401.46000000
        0.115762424333
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        National Health Investors Inc
        549300ZPKZIG6DKDEC02
        
        63633D104
        
          
          
        
        19806.00000000
        NS
        USD
        1351363.38000000
        0.178499361496
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Packaging Corp of America
        549300XZP8MFZFY8TJ84
        
        695156109
        
          
          
        
        43120.00000000
        NS
        USD
        6101480.00000000
        0.805934436514
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Piedmont Office Realty Trust I
        N/A
        
        720190206
        
          
          
        
        52960.00000000
        NS
        USD
        1007299.20000000
        0.133052491060
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Clorox Co/The
        54930044KVSC06Z79I06
        
        189054109
        
          
          
        
        94005.00000000
        NS
        USD
        17004564.45000000
        2.246104890646
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alliant Energy Corp
        5493009ML300G373MZ12
        
        018802108
        
          
          
        
        92394.00000000
        NS
        USD
        5407820.82000000
        0.714310138742
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STORE Capital Corp
        5493004EA6C9IHDZ7N66
        
        862121100
        
          
          
        
        102204.00000000
        NS
        USD
        3698762.76000000
        0.488563476530
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        National Retail Properties Inc
        5493008JKH5SOTI0JS97
        
        637417106
        
          
          
        
        71269.00000000
        NS
        USD
        3482916.03000000
        0.460052637731
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DT Midstream Inc
        N/A
        
        23345M107
        
          
          
        
        29858.00000000
        NS
        USD
        1265979.20000000
        0.167221105894
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NorthWestern Corp
        3BPWMBHR1R9SHUN7J795
        
        668074305
        
          
          
        
        18907.00000000
        NS
        USD
        1172044.93000000
        0.154813482995
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        3M Co
        LUZQVYP4VS22CLWDAR65
        
        88579Y101
        
          
          
        
        91683.00000000
        NS
        USD
        18147733.02000000
        2.397104142844
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kimco Realty Corp
        549300EA7I6T15IBYS12
        
        49446R109
        
          
          
        
        313881.00000000
        NS
        USD
        6695081.73000000
        0.884342310633
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Entergy Corp
        4XM3TW50JULSLG8BNC79
        
        29364G103
        
          
          
        
        93647.00000000
        NS
        USD
        9638149.24000000
        1.273087247156
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Highwoods Properties Inc
        ZIIGTYKL9T0X3HLTDX53
        
        431284108
        
          
          
        
        61370.00000000
        NS
        USD
        2926735.30000000
        0.386587641823
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        General Dynamics Corp
        9C1X8XOOTYY2FNYTVH06
        
        369550108
        
          
          
        
        85694.00000000
        NS
        USD
        16798594.82000000
        2.218898701706
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Archer-Daniels-Midland Co
        549300LO13MQ9HYSTR83
        
        039483102
        
          
          
        
        171805.00000000
        NS
        USD
        10260194.60000000
        1.355252193480
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Park National Corp
        5493001T01TDELV5OO63
        
        700658107
        
          
          
        
        3441.00000000
        NS
        USD
        391964.31000000
        0.051773919657
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PPL Corp
        9N3UAJSNOUXFKQLF3V18
        
        69351T106
        
          
          
        
        374796.00000000
        NS
        USD
        10632962.52000000
        1.404490493623
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Provident Financial Services I
        529900JOSO3SXEDVE477
        
        74386T105
        
          
          
        
        24121.00000000
        NS
        USD
        521013.60000000
        0.068819827670
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kellogg Co
        LONOZNOJYIBXOHXWDB86
        
        487836108
        
          
          
        
        225442.00000000
        NS
        USD
        14284005.12000000
        1.886750692873
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pfizer Inc
        765LHXWGK1KXCLTFYQ30
        
        717081103
        
          
          
        
        465910.00000000
        NS
        USD
        19945607.10000000
        2.634582366749
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Easterly Government Properties
        549300ERMCEFC6S8HL77
        
        27616P103
        
          
          
        
        51336.00000000
        NS
        USD
        1165327.20000000
        0.153926149112
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Public Storage
        549300LMZF40TKJ6DM64
        
        74460D109
        
          
          
        
        49307.00000000
        NS
        USD
        15407451.36000000
        2.035144855009
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hawaiian Electric Industries I
        JJ8FWOCWCV22X7GUPJ23
        
        419870100
        
          
          
        
        42943.00000000
        NS
        USD
        1861149.62000000
        0.245836185689
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Evergy Inc
        549300PGTHDQY6PSUI61
        
        30034W106
        
          
          
        
        111908.00000000
        NS
        USD
        7298639.76000000
        0.964065296009
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ALLETE Inc
        549300NNLSIMY6Z8OT86
        
        018522300
        
          
          
        
        26224.00000000
        NS
        USD
        1844071.68000000
        0.243580388743
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Industrial Logistics Propertie
        5493004XH9PJW009HR47
        
        456237106
        
          
          
        
        20417.00000000
        NS
        USD
        553300.70000000
        0.073084577492
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Gaming and Leisure Properties
        5493006GWRDBCZYWTM57
        
        36467J108
        
          
          
        
        85214.00000000
        NS
        USD
        4034030.76000000
        0.532848474049
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cisco Systems Inc/Delaware
        549300LKFJ962MZ46593
        
        17275R102
        
          
          
        
        354736.00000000
        NS
        USD
        19641732.32000000
        2.594444047916
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Johnson & Johnson
        549300G0CFPGEF6X2043
        
        478160104
        
          
          
        
        110561.00000000
        NS
        USD
        19038604.20000000
        2.514777848644
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        New York Community Bancorp Inc
        529900HVXOTLY61GL030
        
        649445103
        
          
          
        
        320801.00000000
        NS
        USD
        3779035.78000000
        0.499166607433
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PepsiCo Inc
        FJSUNZKFNQ5YPJ5OT455
        
        713448108
        
          
          
        
        125286.00000000
        NS
        USD
        19663637.70000000
        2.597337493455
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Verizon Communications Inc
        2S72QS2UO2OESLG6Y829
        
        92343V104
        
          
          
        
        316752.00000000
        NS
        USD
        17668426.56000000
        2.333793342554
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lamar Advertising Co
        529900Y8WW4MKVPTB543
        
        512816109
        
          
          
        
        32714.00000000
        NS
        USD
        3487312.40000000
        0.460633346998
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Omnicom Group Inc
        HKUPACFHSSASQK8HLS17
        
        681919106
        
          
          
        
        127840.00000000
        NS
        USD
        9309308.80000000
        1.229651255443
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fastenal Co
        529900PP0C7H2HHPSJ32
        
        311900104
        
          
          
        
        233897.00000000
        NS
        USD
        12810538.69000000
        1.692122940756
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Consolidated Edison Inc
        54930033SBW53OO8T749
        
        209115104
        
          
          
        
        177874.00000000
        NS
        USD
        13121764.98000000
        1.733232308428
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Public Service Enterprise Grou
        PUSS41EMO3E6XXNV3U28
        
        744573106
        
          
          
        
        133466.00000000
        NS
        USD
        8305589.18000000
        1.097071585205
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Eaton Corp PLC
        549300VDIGTMXUNT7H71
        
        000000000
        
          
          
        
        130120.00000000
        NS
        USD
        20565466.00000000
        2.716458507175
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WesBanco Inc
        N/A
        
        950810101
        
          
          
        
        17681.00000000
        NS
        USD
        570742.68000000
        0.075388459881
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Crown Castle International Cor
        54930012H97VSM0I2R19
        
        22822V101
        
          
          
        
        81939.00000000
        NS
        USD
        15821601.51000000
        2.089849265705
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Campbell Soup Co
        5493007JDSMX8Z5Z1902
        
        134429109
        
          
          
        
        161226.00000000
        NS
        USD
        7048800.72000000
        0.931064469009
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Black Hills Corp
        3MGELCRSTNSAMJ962671
        
        092113109
        
          
          
        
        24416.00000000
        NS
        USD
        1651742.40000000
        0.218175931152
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kroger Co/The
        6CPEOKI6OYJ13Q6O7870
        
        501044101
        
          
          
        
        485793.00000000
        NS
        USD
        19771775.10000000
        2.611621184385
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Treasury Portfolio
        5493004B3TM8ZIDDDC39
        
        825252406
        
          
          
        
        4479792.42000000
        NS
        USD
        4479792.42000000
        0.591728396997
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Merck & Co Inc
        4YV9Y5M8S0BRK1RP0397
        
        58933Y105
        
          
          
        
        232429.00000000
        NS
        USD
        17866817.23000000
        2.359998439159
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MGM Growth Properties LLC
        549300E2UGIBHWE12262
        
        55303A105
        
          
          
        
        84485.00000000
        NS
        USD
        3193533.00000000
        0.421828510270
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        General Mills Inc
        2TGYMUGI08PO8X8L6150
        
        370334104
        
          
          
        
        293431.00000000
        NS
        USD
        17271348.66000000
        2.281343977221
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        J M Smucker Co/The
        5493000WDH6A0LHDJD55
        
        832696405
        
          
          
        
        78825.00000000
        NS
        USD
        10334745.75000000
        1.365099532006
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Life Storage Inc
        W9EE01AFDDF9DQCQZC68
        
        53223X107
        
          
          
        
        36115.00000000
        NS
        USD
        4238456.40000000
        0.559850719894
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Agree Realty Corp
        N/A
        
        008492100
        
          
          
        
        45388.00000000
        NS
        USD
        3410908.20000000
        0.450541242152
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHICAGO MERCANTILE EXCHANGE INC.
        SNZ2OJLFK8MNNCLQOF39
        
        000000000
        
          
          
        
        15.00000000
        NC
        USD
        95718.75000000
        0.012643331920
        N/A
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE INC.
              SNZ2OJLFK8MNNCLQOF39
            
            Long
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            2021-09-17
            3196406.25000000
            USD
            95718.75000000
          
        
        
          N
          N
          N
        
      
      
        LTC Properties Inc
        549300NRZP8IJG2KY677
        
        502175102
        
          
          
        
        15546.00000000
        NS
        USD
        588416.10000000
        0.077722912799
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lexington Realty Trust
        549300S4MH2ICXDBFV43
        
        529043101
        
          
          
        
        107793.00000000
        NS
        USD
        1417477.95000000
        0.187232326075
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Realty Income Corp
        549300CUWDAUZSH43859
        
        756109104
        
          
          
        
        187293.00000000
        NS
        USD
        13164824.97000000
        1.738920031534
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        American Electric Power Co Inc
        1B4S6S7G0TW5EE83BO58
        
        025537101
        
          
          
        
        197528.00000000
        NS
        USD
        17406167.36000000
        2.299151957091
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2021-09-23
      Legg Mason ETF Investment Trust
      Christopher Berarducci
      Christopher Berarducci
      Principal Financial Officer
    
  
  XXXX

LEGG MASON LOW VOLATILITY HIGH DIVIDEND ETF

(Percentages shown based on Fund net assets)

 

Schedule of investments (unaudited)		July 31, 2021

 

SECURITY		SHARES				VALUE
COMMON STOCKS - 99.2%
COMMUNICATION SERVICES - 4.8%
Diversified Telecommunication Services - 2.3%
Verizon Communications Inc.			316,752			$	17,668,427
Media - 2.5%
Interpublic Group of Cos. Inc.			271,393				9,596,456
Omnicom Group Inc.			127,840				9,309,309
Total Media							18,905,765
TOTAL COMMUNICATION SERVICES							36,574,192
CONSUMER DISCRETIONARY - 2.5%
Hotels, Restaurants & Leisure - 2.5%
McDonald’s Corp.			79,302				19,247,388
CONSUMER STAPLES - 27.3%
Beverages - 5.1%
Coca-Cola Co.			337,264				19,234,166
PepsiCo Inc.			125,286				19,663,638
Total Beverages							38,897,804
Food & Staples Retailing - 2.6%
Kroger Co.			485,793				19,771,775
Food Products - 9.8%
Archer-Daniels-Midland Co.			171,805				10,260,195
Campbell Soup Co.			161,226				7,048,801
Conagra Brands Inc.			249,550				8,357,429
General Mills Inc.			293,431				17,271,349
Hormel Foods Corp.			150,941				7,000,643
JM Smucker Co.			78,825				10,334,746
Kellogg Co.			225,442				14,284,005
Total Food Products							74,557,168
Household Products - 7.2%
Clorox Co.			94,005				17,004,564
Colgate-Palmolive Co.			226,926				18,040,617
Procter & Gamble Co.			134,569				19,139,749
Total Household Products							54,184,930
Tobacco - 2.6%
Philip Morris International Inc.			195,517				19,569,297
TOTAL CONSUMER STAPLES							206,980,974
ENERGY - 0.2%
Oil, Gas & Consumable Fuels - 0.2%
DT Midstream Inc.			29,858				1,265,979	*

 

See Notes to Schedule of Investments.

 

		Legg Mason Low Volatility High Dividend ETF 2021 Quarterly Report		1

---

LEGG MASON LOW VOLATILITY HIGH DIVIDEND ETF

(Percentages shown based on Fund net assets)

 

Schedule of investments (unaudited) (cont’d)		July 31, 2021

 

SECURITY		SHARES				VALUE
FINANCIALS - 2.7%
Banks - 1.2%
First Hawaiian Inc.			50,584			$	1,392,578
FNB Corp.			157,936				1,809,947
Park National Corp.			3,441				391,964
People’s United Financial Inc.			333,185				5,231,004
WesBanco Inc.			17,681				570,743
Total Banks							9,396,236
Capital Markets - 0.7%
Bank of New York Mellon Corp.			81,654				4,191,300
Cohen & Steers Inc.			9,303				774,102
Total Capital Markets							4,965,402
Insurance - 0.2%
Mercury General Corp.			16,124				980,823
Safety Insurance Group Inc.			5,274				404,094
Total Insurance							1,384,917
Thrifts & Mortgage Finance - 0.6%
New York Community Bancorp Inc.			320,801				3,779,036
Provident Financial Services Inc.			24,121				521,013
Total Thrifts & Mortgage Finance							4,300,049
TOTAL FINANCIALS							20,046,604
HEALTH CARE - 10.0%
Health Care Providers & Services - 2.4%
CVS Health Corp.			221,328				18,228,574
Pharmaceuticals - 7.6%
Johnson & Johnson			110,561				19,038,604
Merck & Co. Inc.			232,429				17,866,817
Organon & Co.			23,038				668,333	*
Pfizer Inc.			465,910				19,945,607
Total Pharmaceuticals							57,519,361
TOTAL HEALTH CARE							75,747,935
INDUSTRIALS - 14.7%
Aerospace & Defense - 4.6%
General Dynamics Corp.			85,694				16,798,595
Lockheed Martin Corp.			47,555				17,674,767
Total Aerospace & Defense							34,473,362
Electrical Equipment - 5.4%
Eaton Corp. PLC			130,120				20,565,466
Emerson Electric Co.			199,939				20,171,846
Total Electrical Equipment							40,737,312

 

See Notes to Schedule of Investments.

 

2		Legg Mason Low Volatility High Dividend ETF 2021 Quarterly Report

---

LEGG MASON LOW VOLATILITY HIGH DIVIDEND ETF

(Percentages shown based on Fund net assets)

 

Schedule of investments (unaudited) (cont’d)		July 31, 2021

 

SECURITY		SHARES				VALUE
Industrial Conglomerates - 2.4%
3M Co.			91,683			$	18,147,733
Machinery - 0.6%
PACCAR Inc.			59,338				4,924,460
Trading Companies & Distributors - 1.7%
Fastenal Co.			233,897				12,810,539
TOTAL INDUSTRIALS							111,093,406
INFORMATION TECHNOLOGY - 7.2%
Communications Equipment - 2.6%
Cisco Systems Inc.			354,736				19,641,732
IT Services - 2.0%
Paychex Inc.			136,035				15,483,504
Technology Hardware, Storage & Peripherals - 2.6%
Seagate Technology Holdings			219,561				19,299,412
TOTAL INFORMATION TECHNOLOGY							54,424,648
MATERIALS - 0.8%
Containers & Packaging - 0.8%
Packaging Corp. of America			43,120				6,101,480
REAL ESTATE - 12.7%
Equity Real Estate Investment Trusts (REITs) - 12.7%
Agree Realty Corp.			45,388				3,410,908
Crown Castle International Corp.			81,939				15,821,602
CubeSmart			70,219				3,487,076
Easterly Government Properties Inc.			51,336				1,165,327
Four Corners Property Trust Inc.			30,526				876,402
Gaming and Leisure Properties Inc.			85,214				4,034,031
GEO Group Inc.			498,488				3,449,537
Getty Realty Corp.			12,188				385,019
Highwoods Properties Inc.			61,370				2,926,735
Industrial Logistics Properties Trust			20,417				553,301
Kimco Realty Corp.			313,881				6,695,082
Lamar Advertising Co., Class A Shares			32,714				3,487,312
Lexington Realty Trust			107,793				1,417,478
Life Storage Inc.			36,115				4,238,456
LTC Properties Inc.			15,546				588,416
MGM Growth Properties LLC, Class A Shares			84,485				3,193,533
National Health Investors Inc.			19,806				1,351,363
National Retail Properties Inc.			71,269				3,482,916
Physicians Realty Trust			134,603				2,550,727
Piedmont Office Realty Trust Inc., Class A Shares			52,960				1,007,299

 

See Notes to Schedule of Investments.

 

		Legg Mason Low Volatility High Dividend ETF 2021 Quarterly Report		3

---

LEGG MASON LOW VOLATILITY HIGH DIVIDEND ETF

(Percentages shown based on Fund net assets)

 

Schedule of investments (unaudited) (cont’d)		July 31, 2021

 

SECURITY						SHARES				VALUE
Equity Real Estate Investment Trusts (REITs) - continued
Public Storage							49,307			$	15,407,451
Realty Income Corp.							187,293				13,164,825
STORE Capital Corp.							102,204				3,698,763
TOTAL REAL ESTATE											96,393,559
UTILITIES - 16.3%
Electric Utilities - 12.2%
ALLETE Inc.							26,224				1,844,072
Alliant Energy Corp.							92,394				5,407,821
American Electric Power Co. Inc.							197,528				17,406,167
Entergy Corp.							93,647				9,638,149
Evergy Inc.							111,908				7,298,640
Exelon Corp.							356,723				16,694,636
Hawaiian Electric Industries Inc.							42,943				1,861,150
Pinnacle West Capital Corp.							55,221				4,613,715
PPL Corp.							374,796				10,632,962
Southern Co.							257,478				16,445,120
Total Electric Utilities											91,842,432
Multi-Utilities - 4.1%
Black Hills Corp.							24,416				1,651,742
Consolidated Edison Inc.							177,874				13,121,765
DTE Energy Co.							59,715				7,005,764
NorthWestern Corp.							18,907				1,172,045
Public Service Enterprise Group Inc.							133,466				8,305,589
Total Multi-Utilities											31,256,905
TOTAL UTILITIES											123,099,337
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $650,097,698)											750,975,502
		RATE
SHORT-TERM INVESTMENTS - 0.6%
Invesco Treasury Portfolio, Institutional Class (Cost - $4,479,792)			0.010	%			4,479,792				4,479,792
TOTAL INVESTMENTS - 99.8% (Cost - $654,577,490)											755,455,294
Other Assets in Excess of Liabilities - 0.2%											1,613,733
TOTAL NET ASSETS - 100.0%										$	757,069,027

 

*	Non-income producing security.

 

See Notes to Schedule of Investments.

 

4		Legg Mason Low Volatility High Dividend ETF 2021 Quarterly Report

---

LEGG MASON LOW VOLATILITY HIGH DIVIDEND ETF

(Percentages shown based on Fund net assets)

 

Schedule of investments (unaudited) (cont’d)		July 31, 2021

 

At July 31, 2021, the Fund had the following open futures contracts:

 

Number of

Expiration

Notional

Market

Unrealized

Contracts

Date

Amount

Value

Appreciation

Contracts to Buy:

E-mini S&P 500 Index

15

9/21

$

3,196,406

$

3,292,125

$

95,719

This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.

 

See Notes to Schedule of Investments.

 

		Legg Mason Low Volatility High Dividend ETF 2021 Quarterly Report		5

---

Notes to Schedule of Investments (unaudited)

 

1. Organization and significant accounting policies

Legg Mason Low Volatility High Dividend ETF (the “Fund”) is a separate diversified investment series of Legg Mason ETF Investment Trust (the “Trust”). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company.

The Fund is an exchange-traded fund (“ETF”). ETFs are funds that trade like other publicly-traded securities. The Fund is designed to track an index. Similar to shares of an index mutual fund, each share of the Fund represents an ownership interest in an underlying portfolio of securities intended to track an index. Unlike shares of a mutual fund, which can be bought from and redeemed by the issuing fund by all shareholders at a price based on net asset value (“NAV”), shares of the Fund may be directly purchased from and redeemed by the Fund at NAV solely by certain large institutional investors who have entered into agreements with the Fund’s distributor (“Authorized Participants”). Also unlike shares of a mutual fund, shares of the Fund are listed on a national securities exchange and trade in the secondary market at market prices that change throughout the day.

Shares of the Fund are listed and traded at market prices on NASDAQ. The market price for the Fund’s shares may be different from the Fund’s NAV. The Fund issues and redeems shares at NAV only in blocks of a specified number of shares or multiples thereof (“Creation Units”). Only Authorized Participants may purchase or redeem Creation Units directly with the Fund at NAV. Creation Units are issued and redeemed generally in-kind for a basket of securities and/or cash. Except when aggregated in Creation Units, shares of the Fund are not redeemable securities. Shareholders who are not Authorized Participants may not redeem shares directly from the Fund at NAV.

The Fund seeks to track the investment results of the QS Low Volatility High Dividend Index (the “Underlying Index”). The Underlying Index seeks to provide more stable income through investments in stocks of profitable U.S. companies with relatively high dividend yields and lower price and earnings volatility. The Underlying Index is based on a proprietary methodology created and sponsored by QS Investors, LLC, the Fund’s subadviser.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(a) Investment valuation. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each

 

6

---

Notes to Schedule of Investments (unaudited) (cont’d)

 

fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will use the currency exchange rates, generally determined as of 4:00 p.m. (London Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Trustees.

The Board of Trustees is responsible for the valuation process and has delegated the supervision of the daily valuation process to the Global Fund Valuation Committee (formerly known as Legg Mason North Atlantic Fund Valuation Committee prior to March 1, 2021) (the “Valuation Committee”). The Valuation Committee, pursuant to the policies adopted by the Board of Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Board of Trustees. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

 

				7

---

Notes to Schedule of Investments (unaudited) (cont’d)

 

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Trustees quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

 

•

Level 1 – quoted prices in active markets for identical investments

 

•

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

•

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:

 

ASSETS
										SIGNIFICANT
						OTHER SIGNIFICANT				UNOBSERVABLE
		QUOTED PRICES				OBSERVABLE INPUTS				INPUTS
DESCRIPTION		(LEVEL 1)				(LEVEL 2)				(LEVEL 3)				TOTAL
Common Stocks†		$	750,975,502				—				—			$	750,975,502
Short-Term Investments†			4,479,792				—				—				4,479,792
Total Investments		$	755,455,294				—				—			$	755,455,294
Other Financial Instruments:
Futures Contracts††		$	95,719				—				—			$	95,719
Total		$	755,551,013				—				—			$	755,551,013

 

†	See Schedule of Investments for additional detailed categorizations.

††	Reflects the unrealized appreciation (depreciation) of the instruments.

 

8

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